Performance Wealth Partners LLC bought a new stake in Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,660 shares of the company's stock, valued at approximately $1,085,000.

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Several other institutional investors have also recently bought and sold shares of WPM. Deutsche Bank AG acquired a new position in Wheaton Precious Metals during the 2nd quarter worth approximately $310,372,000. Perigon Wealth Management LLC acquired a new stake in shares of Wheaton Precious Metals in the second quarter valued at approximately $598,000. Trust Co. of Vermont bought a new stake in shares of Wheaton Precious Metals in the second quarter worth $139,000. Principle Wealth Partners LLC bought a new stake in shares of Wheaton Precious Metals in the second quarter worth $937,000. Finally, OneDigital Investment Advisors LLC acquired a new position in Wheaton Precious Metals during the second quarter worth $461,000. Institutional investors own 70.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Wheaton Precious Metals from $165.00 to $150.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Bank of America decreased their price objective on Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Berenberg Bank set a $157.00 target price on Wheaton Precious Metals in a research report on Tuesday, July 28th. Scotiabank reduced their price target on Wheaton Precious Metals from $180.00 to $175.00 and set a "sector outperform" rating for the company in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group lowered their price target on Wheaton Precious Metals from $182.00 to $177.00 and set a "buy" rating on the stock in a research report on Monday, July 6th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Wheaton Precious Metals has a consensus rating of "Moderate Buy" and a consensus target price of $165.55.

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View Our Latest Report on WPM

Wheaton Precious Metals Stock Up 2.0%

Shares of WPM stock opened at $136.85 on Tuesday. Wheaton Precious Metals Corp. has a 52-week low of $90.94 and a 52-week high of $165.76. The stock has a market cap of $62.15 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 2.38 and a beta of 0.55. The firm's 50-day moving average is $116.40 and its 200-day moving average is $130.36. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47.

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Wheaton Precious Metals (NYSE:WPM - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. Wheaton Precious Metals had a return on equity of 21.97% and a net margin of 64.66%.The firm had revenue of $878.00 million for the quarter, compared to analyst estimates of $879.29 million. During the same quarter in the prior year, the company earned $0.63 earnings per share. The business's revenue for the quarter was up 84.7% compared to the same quarter last year. Sell-side analysts predict that Wheaton Precious Metals Corp. will post 4.79 EPS for the current year.

Wheaton Precious Metals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 20th will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.6%. Wheaton Precious Metals's payout ratio is presently 17.29%.

Wheaton Precious Metals Profile

(Free Report)

Wheaton Precious Metals Corp. is a Canada-based precious metals streaming company that acquires and manages long-term purchase agreements for metals produced by mining companies. Rather than operating mines, Wheaton provides upfront and ongoing financing to miners in exchange for the right to purchase a portion of the metals produced — typically silver and gold, and occasionally other precious metals — at predetermined prices. This streaming business model offers investors exposure to metal production with reduced operating and capital-cost risk compared with traditional mining companies.

The company's activities center on structuring and maintaining a diversified portfolio of streaming agreements across multiple jurisdictions.

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